AIMS PSF Strategies
1) Redeem the Fund’s Investment and Deploy Capital to New Investment Opportunities
My view: Aims has taken over Maccook as fund manager. The challenges are to manage the former management's investment which are not good investments. After many years, most of the under-performing funds are realized. Aims has networks of investments in their home ground Australia.
2) Focus on Value-add Type Investment Opportunities
Like what i mention previously, Aims has the ability to make-over poorly managed companies.
We have witnessed the successful make-over of Maccook Industrial Reit, now knows as Aims Reit.
3) Continue Regular Income Distribution at a Target Payout Ratio of above 80%
Despite being a security fund, Aims aims to distribute regular income.
Corporate Movement:
1) Share buyback and cancellation:
Over the last few years, AIMS has bought back its shares from the market and cancelled its share capital. This lead to an increase in NAV.
2) Recent share consolidation of 10 into 1 , will bring the share capital of 45.1 million shares or 451 million shares before consolidation. In 2013, the share capital is 506 million shares. The discount to NAV is 36% ( 13cts vs 20.2cts NAV )
1) Redeem the Fund’s Investment and Deploy Capital to New Investment Opportunities
My view: Aims has taken over Maccook as fund manager. The challenges are to manage the former management's investment which are not good investments. After many years, most of the under-performing funds are realized. Aims has networks of investments in their home ground Australia.
2) Focus on Value-add Type Investment Opportunities
Like what i mention previously, Aims has the ability to make-over poorly managed companies.
We have witnessed the successful make-over of Maccook Industrial Reit, now knows as Aims Reit.
3) Continue Regular Income Distribution at a Target Payout Ratio of above 80%
Despite being a security fund, Aims aims to distribute regular income.
Corporate Movement:
1) Share buyback and cancellation:
Over the last few years, AIMS has bought back its shares from the market and cancelled its share capital. This lead to an increase in NAV.
2) Recent share consolidation of 10 into 1 , will bring the share capital of 45.1 million shares or 451 million shares before consolidation. In 2013, the share capital is 506 million shares. The discount to NAV is 36% ( 13cts vs 20.2cts NAV )
Comments